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The landscape of corporate realestate investing has changed drastically in recent years. After emerging on the other side of a global pandemic, companies everywhere have been forced to reevaluate what is considered a sound realestate investment. We’ll then magnify the lens to corporate realestate specifically.
Before you can bring the right mix of collaboration and decision-making to your workplace, analyze how much and what types of collaboration are appropriate. For instance, ad agencies and realestate firms rely on full-blown teamwork to launch a successful creative campaign or to sell a house.
With expertise in social research, workplace innovation, and realestate strategy, Melissa shares compelling insights on why companies should rethink office design, how cities are transforming, and what truly makes a workspace desirable. The power of flexibility in realestate, office space, and workforce management.
In this blog, we’ll discuss how occupancy metrics are changing how business owners and CEOs makedecisions, why data-driven information is king, how occupancy metrics can be used in decision-making, and what the future holds for space planning in the corporate setting.
Commercial realestate occupiers are willing to put their money where the tech is, according to new polling from JLL’s 2023 Global RealEstate Technology Survey. In fact, realestate tech budgets are set to grow faster than investments in?
Seven realestate industry associations have announced a new taskforce to develop a comprehensive carbon pricing strategy for the sector that takes a value chain perspective and enables pricing to be incorporated into investment decisionmaking and accelerate its adoption.
In the quest for a flourishing workforce, Erin McDannald — CEO of Lighting Environments Elevated and luminary in commercial realestate design — casts new light on the art of crafting workspaces on the Allwork.Space Future of Work podcast. Investing in your employees and their environment is investing in sustainable success.
Corporate realestatedecision-making and people-centric strategies are becoming more integrated, according to CBRE’s 2023 European Occupier Survey. The benefits of partnering realestatedecision makers with other corporate functions is increasingly recognised and likely to produce the most positive results.”
The ability to make sound, data-backed decisions for your facilities and realestate portfolio helps transform the workplace into a. Elevate your Workplace Facilities through Data-Backed DecisionMaking and Key Resources
McLaurin explains that the firm measures various individual and organizational outcomes, including personal productivity, work-life balance, decision-making speed, and the quality of work. By asking targeted questions, Gensler gathers data on individuals’ perceptions of their work environment’s effectiveness.
This shift is changing our daily patterns and is having a transformational impact on people, realestate, and our cities. The decision to travel to the office hinges on a delicate balance between the advantages of in-person collaboration and the inconveniences of commuting. According to a recent Gartner study , 51% of U.S.
Progress on the decarbonisation of realestate portfolios is being held back by a lack of understanding and collaboration between property owners and occupiers, according to a new report from the Urban Land Institute C Change programme.
Good and impactful urban design can draw people off the street, pique the interest of passersby and create a new human energy that adds value to the realestate and the community. The extra activity creates a level of human energy factor that adds value to realestate when an area always has something going on.
Experiential design can be a critical tool to deepen connections, foster belonging, and bring brands to life—especially when it’s powered by data-informed decisionmaking. For example, tailored research methods can help you dig into what makes your talent feel welcome, supported, and included in a hybrid environment.
The commercial realestate (CRE) industry is trying to balance complex, and at times opposing, considerations,” said Andrew Hallissey, Executive Managing Director for Occupier Services, Colliers EMEA. More corporates building and fostering enterprise resilience through a flexible realestate portfolio and workplace strategy.
An IWMS, or Integrated Workplace Management System, is a scalable, cloud-based software platform that helps track virtually every aspect of the workplace and a corporate realestate portfolio. An IWMS also allows users to manage their infrastructure and realestate portfolio. And why they need it.
But why else should decision-makers invest in this software? Data-driven decision-making. Making organizational decisions can feel like a guessing game without a workplace management tool. Optimizing space utilization reduces realestate costs, energy consumption, and operational expenses.
Additionally, technology can be used to create a more agile workplace, allowing for faster decision-making, collaborative working practices, and easier access to data and information. When it comes to designing the workspace and work process with employees, it is important to involve the team members in the decision-making process.
JLL has announced the launch of JLL GPT, which it claims is the first large language model purpose-built for the commercial realestate sector. “Using JLL GPT in our secure computing environment, our global realestate experts will be able to deliver faster, smarter insights to our clients,” said Yao Morin , JLL CTO.
Business Intelligence (BI) Software: Solutions like Microsoft Power BI and Looker provide dashboards and reports for real-time insights and data-driven decision-making. Machine Learning Algorithms: Algorithms like Decision Trees and Random Forests help uncover hidden patterns and make predictions based on historical data.
Beyond the obvious cost savings from downsizing corporate realestate portfolios, deliberate and data-driven utilization planning also enhances employee experience and productivity. Office space utilization refers to how well your available workplace realestate is leveraged to support employee productivity and organizational goals.
Workplace analytics inform operational decisions that optimize limited realestate to maximize productivity and cost savings. Importance of Data-Driven Decision-Making Basing workplace updates on assumption rather than evidence risks wasting resources. See it now What is Workplace Analytics?
Ultimately, data should drive every decision you make as a business owner. Understanding why these workplace utilization trends lead to better decision-making is as important as implementing them. This data-driven approach can help justify realestatedecisions and optimize operational expenses.
But for companies that adopt flexible working and/or a new hybrid work model , space occupancy rates alone are typically not enough to inform better decisionmaking for their corporate realestate. What is the difference between occupancy and utilization in realestate and property management?
In the workplace, that means measuring and tracking metrics that will empower employers to seamlessly manage and optimize their hybrid work policies and right-size their realestate footprints to support their hybrid work goals and business outcomes. “We Solutions like Workplace Intelligence and Ossie are just the beginning.
Data-Driven Decisions: Analytics tools provide insights into space utilization, employee behavior, and operational efficiency, allowing for informed decision-making. RealEstate Portfolio Management: Gain insights into your realestate portfolio, including lease management, occupancy tracking, and financial analysis.
How can you keep track of visitors to understand all the activities happening within your realestate portfolio ? Given the current realities of a shifting economy and shrinking corporate realestate budgets, companies need to get more out of their space. Especially when office attendance varies from day to day?
It involves a constant pursuit of improvement, leveraging data-driven decision-making, and streamlining production processes. Optimizing your realestate footprint is essential for improving business operations and profit margins.
Before business leaders can optimize space usage, streamline operations, and make informed decisions about their realestate portfolios, there should be a firm understanding of the difference between a property manager and a facility manager. Key responsibilities include: Rent collection and lease administration.
Since the pandemic, there has been an uptick in available sublease space on the market as organizations scale back or put off makingdecisions about their long-term realestate footprints. Before the pandemic, we had years of workplace design benchmarking to turn to in helping organizations make informed decisions.
Desk booking benefits both employees and organizations: employees gain autonomy and control over their workspace, while organizations optimize space usage and reduce realestate costs. Additionally, desk booking systems provide data insights on workspace usage patterns, aiding in future space planning decisions.
Workplace Intelligence by OfficeSpace See space utilization in real-time to evolve your workplace strategy, improve employee experience, & right-size your real-estate investments with Workplace Intelligence. Leaders grapple with how to use new data and predictive analytics in decision-making processes for the workplace.
Grant Cardone is a top sales expert who has built a $500 million realestate empire, a New York Times best-selling author of How to Create Wealth Investing in RealEstate , and founder of the 10X Growth Con. After building this foundation, I began makingdecisions many times faster.
A range of other realestate professionals will also be speaking during the two days of Workspace Design Talks, exploring the world of workplace culture and design.
Hybrid work models, dynamic schedules, and new technologies have reinvented how businesses use their physical workspaces, and making the most of your realestate requires a new strategy and approach to workplace intelligence in the office. Effective decision-making about your office space starts with data.
Workplace Intelligence by OfficeSpace See space utilization in real-time to evolve your workplace strategy, improve employee experience, & right-size your real-estate investments with Workplace Intelligence. Workplace Design and Planning Space utilization metrics inform decisions about workplace design and planning.
Facilities and asset managers continue to face significant challenges to identify the right workspace mix for employee needs while keeping their realestate and building systems running efficiently,” said Brandon Holden, CEO of Eptura. “We
By shifting to a flexible schedule where only some employees are required to be in-office, you can downsize your realestate without sacrificing operational efficiency. Workplace management tools give leaders real-time insights into how office spaces are used. This also opens the door for potential cost savings for the business.
As a part of this change in work policy, Grammarly also redesigned its corporate realestate to act more as collaboration “hubs” rather than offices. While each of these companies has found a hybrid work model that suits its unique culture and workforce, one common thread ties them all together: data-driven decision-making.
Consider the difference in focus, metrics, and decision-making below: Decision-Making : Traditional FM decisions are often driven by short-term needs, while sustainable FM considers the long-term impact on the environment and company culture. Ready to begin your journey toward a more sustainable facility?
A survey of 900 leaders in HR, realestate, IT, and product roles at US based firms suggests that most employers have not adapted their working culture and practices to support the shift to flexible working.
By redefining space per person, organizations can optimize their realestate footprint, reducing operational costs and maximizing resource utilization. Workplace analytics software and sensors provide invaluable insights into how physical spaces are being utilized, enabling data-driven decision-making. Cost Optimization.
Reporting has always fallen to the ‘RealEstate’ (RE) team, but not all companies have such a dedicated resource. Companies with large realestate footprints need to find better ways of managing each building type (warehouses, offices, labs, retail outlets, parking garage, et cetera). Data is crucial.
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